home health care insurance

Mitigating Risk for Home Health Care Providers

As more and more folks decide to stay in their homes to age, manage chronic illness, recover from illness or injury or choose hospice care, the home health care industry is booming. Employers of this essential work force need home health care insurance to mitigate losses as the result of oversights, mistakes, or accidents that lead to injury or death. Other exposures include workers’ compensation claims, general liability, cyber-liability and the use of hired or owned automobiles in the delivery of services.

Insurance protection is vital to companies of all sizes, and comprehensive programs are available. Policies from top-rated insurers are flexible and can be tailored to cover specific risks including lawsuits against owners, directors or officers of small or large firms. Employment practice liability can help with human resource management as part of risk management services. Regulatory audits can open a home health care agency to fraud and abuse claims brought by the government or agencies acting on its behalf, and there is coverage designed to assist in responding to audits and managing appeals.

Losses may be inevitable in an industry that requires close, often physical work with sick or injured clients. A comprehensive home health care insurance policy can help companies run smoothly and maintain their focus on providing outstanding patient care.

Commercial Auto Physical Damage Program

Business Auto and Specific Coverage Options

If you own a business and you buy physical damage coverage for commercial automobiles you use for work you can elect to cover all vehicles you own or a subset of those vehicles, such as private passenger autos only. You may also elect physical damage coverage for hired autos that you don’t own.

While auto liability is a basic requirement, coverage that addresses physical damage, also available from a Commercial Auto Physical Damage Program is optional, and those who do purchase this policy often determine that they can benefit from it due to the age, value, and condition of their vehicles. Your agent or broker can help you decide if physical damage coverage is a worthwhile investment for you.

Available coverage options

A commercial auto policy provides you with three options for physical damage coverage, which includes comprehensive, specified causes of loss and collision. Comprehensive coverage covers loss to a covered auto from any cause with a couple of noted exceptions:

a) The vehicle’s collision with another object or b) The vehicle winds up overturned.

Comprehensive coverage is designed to dovetail with collision coverage. Most losses that aren’t covered under collision will be covered under comprehensive. For example, if the vehicle is stolen. Comprehensive coverage will apply to losses caused by flying or falling objects. Also covered are glass breakage and losses caused by a collision with a bird or animal.

Specified causes of loss will address concerns or perils such as fire, lightning, explosion, and theft.  This coverage is available for commercial autos (trucks and trailers) only, not private passenger type autos.

Collision coverage provides coverage for damages caused by the vehicle’s collision with another object or if the vehicle is overturned. The “object” with which an auto collides may be another vehicle or a stationary object, such as a tree or pole. If a vehicle of yours collides with another object and glass breakage occurs, the glass breakage may be covered under collision coverage rather than comprehensive coverage, depending on circumstances.

Talk to an agent that has knowledge about a Commercial Auto Physical Damage Program you may qualify for you and that can go over the specifics of what the policy will provide in the event of an accident.


timeshare insurance

The Benefits of Having an Umbrella Policy for Your Timeshare Resort

A timeshare property can be great investment, but it also comes with a substantial amount of risk. In addition to professional and D&O liability, property coverage and a workers’ compensation policy, your timeshare insurance package can benefit from an umbrella policy. An umbrella policy covers damages that extend beyond the limits of the other policies in your timeshare package, and it can have many advantages in the long run.

More people filter through a timeshare than they do through the average property. A greater number of inhabitants means greater risk. If, for example, there is property damage that causes injury to one visitor and it doesn’t get fixed before the next visitors arrive, it could cause damage to them, too. You potentially have two lawsuits over the same issue. At that rate, it is not unreasonable to expect that you will max out your property policy’s limits, leaving the rest of it your responsibility to pay. An umbrella policy, however, steps in when another policy maxes out, saving you that money. Umbrella premiums are also likely to be significantly less expensive than it would be to increase your coverage on all your other policies.

When you are talking to your agent about your timeshare insurance coverage, be sure to ask about an umbrella policy. It can end up saving you a lot of money and the stress that goes with it.

auto liability insurance broker

Working With a Transportation Insurance Broker

In order to run a trucking business, you need both liability insurance and physical damage insurance to protect your fleet. An auto liability insurance broker can work with you to obtain the coverage you need at the best price.

What Does an Insurance Broker Do?

An insurance broker is a licensed professional who works as your representative in the insurance market. The broker’s duties include doing the legwork that you would typically have to do yourself, such as researching insurance companies, policies, and prices. An insurance broker will gather that information for you and explain your options to help you choose the policy that’s best for you.

What Is the Difference Between a Broker and an Insurance Agent?

An insurance agent is a sales representative who represents a specific insurance company. In other words, insurance agents will only sell you policies offered by the company that they work for. Unlike an insurance broker, an agent will not shop around to all the different companies and help you find the best price.

Why Should You Work With an Insurance Broker?

Running a trucking business entails special risks unique to the industry. Therefore, it may be difficult to find a traditional policy that will cover your safety-critical risks. An insurance broker will be able to work with a wholesaler to obtain the specialized coverage that you can’t find elsewhere.

At a minimum, commercial trucks are required to have liability insurance by law. Working with an auto liability insurance broker is the best way to obtain this coverage at a favorable price.

commercial property insurance coverage in Orlando

Business Insurance that Really Saves the Day

It’s simply impractical to try and run a business without being properly insured. So many things can go wrong that could result in lawsuits, costly repairs, and other causes of lost business income. You need coverage for any number of things that could disrupt operations during the course of the day.

While general liability insurance protects your business from claims of bodily injury, you also must have commercial property insurance coverage in Orlando to protect your company’s physical assets from fire, explosions, burst pipes, storms, theft and vandalism. Mind you, earthquakes and floods are natural disasters that are typically not covered by commercial property insurance, unless those perils are added to the policy.

Determining the cost for commercial property insurance will largely depend on the value of your many business assets, including the building (if you own it). Other factors that determine your premium are based on risk, including location, since some areas are higher risk than others, construction including materials used, and occupancy, as different business models also present different levels of risk.

What does commercial property insurance cover?

Once purchased, your commercial property insurance coverage in Orlando will protect your building and assets, both that which is contained within, and outside items considered part of the property or deemed a viable business asset, including computers, and other equipment, furniture, important documents, inventory, property belonging to others while in your care, exterior signs, fences and landscaping.

Business property insurance is something every owner needs, whether you own your own building, lease or even when you work from home. Thankfully, this insurance policy is one of the simplest and most common forms of business-centered policies available in the market. The primary focus of this coverage is to help businesses recover quickly anytime you suffer property damage or other physical losses.

All costs associated with your business property can be recouped. For example, the cost of rebuilding after the building has been destroyed, or the cost of replacing property that has been completely lost, are common areas of coverage. In addition, any revenue that is lost, and insured by this policy, can often be recouped. This insurance is designed specifically to help your business to continue operations after property damage.


risk and insurance

Insurance Coverage for Your Business

Among the many things a business owner needs to plan for are risk and insurance. Though never hoped for, it is an unfortunate fact that accidents happen and damage occurs. Having the right insurance can help make sure your business can continue doing business after such an event takes place.

One of the most basic types of coverage a business needs is property insurance. This insurance will protect any property owned by the business, such as a business building and the contents inside it. It may even cover the personal property of people who are in your business at the time of the accident or damage. You can also have business interruption coverage as a part of your property insurance, which will allow you to continue to pay regularly recurring bills, such as utilities and payroll, should business be halted while repairs are being made.

Another basic type of coverage a business needs is liability insurance. If any kind of accident were to occur that didn’t involve damage to company property, this coverage would make sure you could make any necessary payments to settle the matter. Your business’s specific liability needs can be addressed with the proper coverage.

However big or small your business is, you need to plan for risk and insurance.

ordinary life insurance policy

Different Terms to Describe a Permanent Life Policy

The most common type of permanent insurance policy is called “whole life” or an ordinary life insurance policy. It offers a death benefit along with a savings account, so if you decide to purchase this type of policy, you’re agreeing to pay a certain amount in premiums annually, or on a regular basis for your specified death benefit.

The savings element then grows based on the dividends the company pays to you. Insurers invented the level premium concept to make the whole life contract affordable for as long as the policy owner decided to keep it. The insurer needs to accumulate value in the early years of the policy’s life in order for them to have sufficient finances, in conjunction with interest earned on the reserve, in later years to pay the promised death benefit while keeping premiums level.

Without the reserve, the level premium would be insufficient to pay the increasing mortality costs as the insured ages. The policy contains a fixed and guaranteed schedule of the cash values that the policyholder may borrow against in the event of an emergency or some type of financial opportunity at any time during the policy period, or taken upon surrendering the contract.

Why whole life insurance?

Individuals choose whole life insurance in order to provide income for dependent family members after they, as the head of household dies, until the family members can become self-supporting. The policy is useful when liquidating consumer or business debts or mortgages, or to create a fund that would enable the surviving family members to service many of the debts incurred.

Your ordinary life insurance policy can even be used to provide large amounts of cash at death for children’s college expenses or other capital needs, provide cash for federal estate and state inheritance taxes, funeral expenses, and administration costs, to indemnify a business for the loss of a key employee, or to fund charitable bequests.

Life insurance proceeds payable to someone other than the deceased’s estate are not part of the probate estate and are not a matter of public record. It’s not unusual for a beneficiary to be a lover, illegitimate child, or have some other relationship to the insured that the insured may not want to publicly acknowledge.

The insured may not want the amount payable to the beneficiary to become a matter of public record, and therefore the insurer must preserve confidentiality of financial affairs. Speak to an insurer if you have questions pertaining to these matters.


what is tail coverage

Insurance for an Extended Reporting Period is a Safety Net

You may have heard the term, “tail coverage” before but weren’t quite certain exactly what is tail coverage. It’s simply a provision found within a claims-made policy that permits you (the insured) to report claims made against you at such a time as when your policy has expired or been canceled. Tail coverage will require you to pay an additional premium to provide cover if any wrongful act that gave rise to a claim against you took place during the expired/canceled period of the policy.

As an example, let’s say that you purchased a claims-made policy for the period January 1, 2016 to January 1, 2017, and paid for tail coverage with a term extending to Jan. 1 2018. Even if you decided not to renew the policy when it expired in 2017, under the tail coverage, you’ll be able to report claims to the insurer during the period when the tail coverage was active, as long as the claim resulted from a wrongful act that took place during the original policy term.

Tail coverage provides an extended reporting period

An extended reporting period (ERP) is a designated time period after a claims-made policy has expired during which a claim may be made and coverage will be triggered as if the claim had been made during the policy period.

Buying tail coverage is generally a one-time purchase and does not expire, and it cannot be cancelled by the insured or the insurance company that issues it. In most cases, tail coverage must be purchased within 60 days after your claims-made policy terminates, and may not be available if your policy was cancelled due to non-payment of premium.

Essential coverage for physicians

Whether carrying medical malpractice insurance on your own as a private practice physician or as an employee of a group or hospital, tail coverage should be a top priority when considering any changes to your coverage. Most claims-made policies include a provision for malpractice tail coverage. When a claims-made policy is cancelled, or not renewed by a physician, or his or her group, the insurance carrier will offer a tail quote.

A quote for tail coverage must be accepted and paid for (or declined) within a limited period of time, usually 20 – 30 days from the cancellation date. The coverage is optional but is highly recommended for physicians wishing to protect themselves from potential claims that may arise as a result of prior acts. If you want to know what is tail coverage, it’s the best way to cover your actions after your term policy expires.


NorthStar Insurance Agency

A Shining Start in the World of Insurance

NorthStar Insurance Agency is a gem among insurance brokerages in the state of Massachusetts. Everyone knows the importance of getting good insurance. The future is unknown, all that one can do is plan for the worst of eventualities so that if they happen you can mitigate the impact they have on your daily life and the working of your family or your business. NorthStar Insurance Agency is a prime example of excellent customer service in the insurance industry, not to mention the premier policies they offer and the quality of coverage one can expect to receive when purchasing one of their plans is second to none.

If you are in the market for a new plan or insurance policy, then search no further. NorthStar is a shining example of an exemplary insurance broker. Folks at this brokerage can help you mitigate all types of risk with their policies, and the company even specializes in risk management. Protect your business with some of the best coverage that money can buy, purchased through NorthStar Insurance. Knowledgeable staff, friendly service, great coverage, what more could a person want from an insurance brokerage? Don’t wait, stop by one of their brick-and-mortar locations or visit their website and become a member of the NorthStar customer family today.

contingent cargo

Protecting Your Valuable Assets with Cargo Coverage

Having contingent cargo insurance helps you to protect your business assets, as well as your company’s reputation and relationships you’ve forged with your clients and customers. Regardless of whether products travel by truck, rail, air or sea, having cargo insurance can properly protect you from a wide variety of potential losses that could prove to be quite costly, especially without proper coverage in place.

Cargo insurance provides vital protection

Transportation brokers, along with freight forwarders, importers, exporters, and logistics specialists all rely on their insurance policies to come to their aid when a shipment is lost or damaged, or in the event costly delays occur making their customers upset and seeking compensation. Cargo protection can be designed and tailored for your particular services so it will not only protect your customers, it will also enable you to further grow your own business interests significantly.

Imagine, if you arrange a large shipment of goods for an important customer and the train carrying those goods derails, perhaps one of your primary concerns would be if the shipment were properly covered. Most operators would have a hard time recovering from a loss of this nature without the benefit of having a solid contingent cargo policy for this type of incident.

The best agencies offering contingent cargo coverage have spent time analyzing the insurance being made available to the logistics industry, often identifying and noting any shortcomings with respect to existing policies, enabling them to provide the very best programs available in the market today. Partnering with an insurer that design their cargo insurance program to provide reliable, comprehensive coverage that you can trust is in your best interest.

Whether you arrange for the transportation of goods across the US or around the globe, there’s always a chance that the cargo you’ve been entrusted with won’t actually make it to its destination. Thefts, accidents and other mishaps can possibly wreak havoc to your bottom line. The best and most comprehensive way to protect your profits from losses of this sort is a customized cargo insurance program.

If you own, manage or operate any type of freight business take the time to speak with a cargo insurance expert for quotes on coverage specific to your needs.